On the same move featured in the last post in the SPX, here's ES, 3C downside momentum has slowed, just like the SPY, there are initial signs of a positive divergence on the break, just like the SPY it's too early or the signals are not developed enough to draw any conclusions other than what I already posted in the last update with regard to the market trends we have observed for some time now.
The CONTEXT model which was way out of balance earlier with ES rich to the model, has now reached short term reversion to the mean, or neutrality.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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